Company Blog

April 19, 2018

Make the Switch from Paper Time Cards

If you're tired of collecting stacks of time cards and spending hours totaling punches while adding up overtime, it's time to replace your mechanical punch clock. The amount of time and money you can save by replacing your punch clock may surprise you, so let's take a brief look at some of the main reasons you should make the switch to time clock software.

Eliminate Time Theft and Buddy PunchingTime theft is when employees accept pay for hours they did not work. Unfortunately, time theft, also known as timesheet padding, is a very common occurrence with a recent study estimating that time theft costs U.S. employers more than $400 billion per year in lost productivity.1 Buddy punching, when one employee punches in for another, is another common time theft problem. An alarming 19% of employees admit to buddy punching for a co-worker, costing employers up to 2.2% of their gross annual payroll.2 Time clock software eliminates time theft by enforcing clock in and out rules and deters buddy punching with extra security measures.

Save Time and Increase AccuracyGathering, auditing and totaling time cards can take hours every payroll period. Not only that, but the American Payroll Association (APA) estimates that time card totaling errors can cost 1-8% of your annual gross payroll.3 In the US, payroll data, including time card records, must be saved by employers for up to 2 years, which turns into a hassle with hundreds of paper time cards.4 Time tracking software automatically calculates employee totals in real time and makes historical records available at the click of a button.

Trust Redcort Software for Your Time & Attendance SoftwareAt Redcort Software, time and attendance software with best-in-class customer support has been our focus for thirty years. Virtual TimeClock continues to help thousands of employers leave paper time cards behind and save time and money. Don't pay monthly for a time clock service, Virtual TimeClock is a one-time software purchase that you own forever. No strings attached. Check out hundreds of user reviews >